BEVERLY HILLS, October 04, (THEWILL) – The Central Bank of Nigeria (CBN) has recovered over N50 billion from banks in excess charges imposed on customers in the last three years and as returned the amount to bank customers who suffered from these excessive charges.
This was disclosed by the Acting Director of Corporate Communications at the CBN, Mr. Isaac Okorafor, at the ongoing Abuja International Trade fair, revealing that the apex bank was committed to ensuring that bank customers are not burdened with excessive charges from their banks.
Okorafor urged bank customers to go to the CBN website to see the approved charges required by banks adding that the banking public should report excessive charges they feel their banks had imposed on them.
The CBN spokesman also revealed that the CBN has so far disbursed N43.92 billion to local farmers through the Anchor Borrowers’ Programme (ABP), an agricultural intervention programme initiated by the bank.
Okorafor said the programme was done in partnership with 13 participating financial institutions with over 200,000 small holder farmers from 29 states.
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